Regulatory actions and programs

Andy Sieg, head of the firm, says that "operational changes" are possible if the rule is delayed or overturned.

The latest developments make columnist Bob Veres wonder whether he has fallen through a wormhole.

“It starts out small,” the advisor told his compliance officer, authorities say. “You think you are going to pay it back.”

Just in case clients are looking to cut few corners, here are some of the most common tax frauds that the agency is ready to pounce upon.

An adviser at the firm squandered the aging clients' retirement money on oil and gas investments and Puerto Rico bonds, their lawyer said.

The broker was terminated after a series of unauthorized transactions involving the accounts of customers of both BBVA and its affiliate bank, FINRA claimed.

In spite of its own compliance policies, the firm failed to get several hundred clients to sign a disclosure notice that described risks associated with inverse ETFs.

The regulator rebuked the broker for excessive trading that generated more than $666,000 in commissions and fees and resulted in $397,000 in losses.

SEC staff recommended this solution as far back as 2011.

A new comment period would give the administration time to prepare for legal challenges anticipated after it puts a delay into place, one expert says.

Organization takes the case "to put a spotlight on a bank that may have engaged in misconduct more significant than Wells Fargo's."

The adviser used the money to fund his “lavish lifestyle,” including $1.6M for private jet services, according to authorities.

The decision landed just hours after the Department of Labor asked for the decision to be postponed while it complies with a Trump order to review the regulation.

The move is additional fallout from the president's memo to the Department of Labor to review the regulation and possibly rescind it.

FINRA chided the rep for following through on trading instructions received via email from bank employees without confirming the transactions with the customers.

Here’s what the president’s actions mean for advisers and firms.

"My expectation is that a lot of firms are going to continue installing a best-interest standard, regardless," said Brian Graff, CEO of the American Retirement Association.

President Trump’s order sparked reactions all over his preferred social media platform.

While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.

Meanwhile, a prominent Republican congressman called on President Trump to delay the regulation's implementation.